Wednesday, September 02, 2026: $NVDA and $EQIX deepen their AI inference partnership, Hormuz oil flows spike to a pre-war high, and Google drops Gemini 3.8 Flash.

$NVDA + $EQIX is the real signal: inference is moving into physical data-center footprints, not just GPU clusters. Blackwell and Rubin at 0.48x PEG are hard to ignore if the buildout extends past training. $AAPL, $MSFT, $AVGO, $MU all landed on Wednesday’s biggest analyst calls. Google’s “most intelligent” Gemini 3.8 Flash plus Fairwind says AI spend is rotating from training to custom silicon and inference—watch the laggards. Hormuz is the issue: more oil moved Monday than any time since before the Iran war, and Trump floats renaming it the “Trump Strait.” Oil spikes usually mean market trouble, history says otherwise, but the choke point is real. $MDB beat Q2 on Atlas and EA strength and raised guidance. $GLW and $DAKT also show enterprise demand not rolling over—a good signal under an AI-heavy tape. Macro: KXFED at 20.5% for fed funds above 3.75%, KXPAYROLLS at 30.5% for +125k jobs. Market is pricing sticky rates, not hikes—short-duration yield still works. Add it up: AI inference i

$NVDA + $EQIX is the real signal: inference is moving into physical data-center footprints, not just GPU clusters. Blackwell and Rubin at 0.48x PEG are hard to ignore if the buildout extends past trai